South Africa: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in South Africa

The South African battered fish fillet market fell to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Battered Fish Fillet Production in South Africa

In value terms, battered fish fillet production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from South Africa

In 2021, overseas shipments of fish fillets in batter or breadcrumbs increased by 3.6% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by 53%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, battered fish fillet exports totaled $X in 2021. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Australia (X tons) and Germany (X tons) were the main destinations of battered fish fillet exports from South Africa, with a combined 77% share of total exports. These countries were followed by Mauritius, Portugal, Cyprus, Namibia, Botswana and Lesotho, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Namibia (with a CAGR of +35.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for battered fish fillet exported from South Africa were Italy ($X), Australia ($X) and Germany ($X), with a combined 78% share of total exports. Mauritius, Portugal, Cyprus, Namibia, Botswana and Lesotho lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Namibia, with a CAGR of +37.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, which is down by -2.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 19%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into South Africa

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were imported into South Africa; which is down by -53.9% compared with 2020. In general, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 657%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports shrank notably to $X in 2021. Over the period under review, imports recorded a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 468%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest battered fish fillet supplier to South Africa, with a 39% share of total imports. Moreover, battered fish fillet imports from the UK exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-30.6% per year) and Poland (+16.0% per year).

In value terms, the largest battered fish fillet suppliers to South Africa were Spain ($X), Portugal ($X) and Thailand ($X), together accounting for 65% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +360.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, growing by 9.2% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price decreased by -18.7% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 78%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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